The latest Arctic blast has sent natural gas prices at the Henry Hub back over $4/MMBtu for the first time since Jan. 24. (Source: Shutterstock)
The latest Arctic blast has sent natural gas prices at the Henry Hub back over $4/MMBtu for the first time since Jan. 24, just before the news about China’s DeepSeek AI application hit the market.
The Henry Hub front-month futures price closed at $4.01/MMBtu on Feb. 18. As the cold weather set in overnight, the price leaped to $4.20/MMBtu when the market opened. Prices remained at $4.20 or higher in early trading.
The cold front that moved through the central U.S. threatened a freeze-off of natural gas production along with a greater demand for heating.
Extreme cold watches were issued for much of the continental U.S. on Feb. 18. Meteorologists in Dallas reported record-low temperatures. Major snowstorms were predicted for much of the mid-Atlantic and Southeast. The National Weather Service expected the cold temperatures to last through the weekend.
Recommended Reading
RWE Slashes Investment Upon Uncertainties in US Market
2025-03-20 - RWE introduced stricter investment criteria in the U.S. and cut planned investments by about 25% through 2030, citing regulatory uncertainties and supply chain constraints as some of the reason for the pullback.
TXO Partners CEO Bob R. Simpson to Retire
2025-03-20 - Gary D. Simpson and Brent W. Clum will serve as co-CEOs, effective April 1. Bob R. Simpson will remain chairman of the board, TXO said.
US Oil Company APA Lays Off Nearly 15% of Staff, Bloomberg News Reports
2025-03-19 - The news comes days after APA and its partners announced a successful oil discovery on their shared acreage in Alaska's North Slope.
NextEra Energy Resources CEO Rebecca Kujawa to Retire
2025-03-18 - NextEra Energy CFO Brian Bolster will become CEO for NextEra Energy Resources, and NextEra Energy Treasurer Mike Dunne will become CFO, the company says.
Williams Cos. COO Dunn to Retire
2025-03-13 - Williams Cos. COO Micheal Dunn was crediting with helping the company focus on a natural gas strategy.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.